Ex-Tennis Australia boss Craig Tiley loses $5.75m

Tennis boss Craig Tiley’s Aspendale house has sold. Former Tennis Australia head Craig Tiley lost more than $4000 a day on the Aspendale home he just sold for $5.75m less than what he paid for it in 2022. In February, Mr Tiley announced he would leave his role as chief executive at the nation’s top tennis organisation to take up a new position as the US Tennis Association’s CEO. The next month, he listed his beachfront 73 Nepean Highway house for $11.5m although the price tag later dropped to $8.75m. RELATED: Ash Barty and Gary Kissick hope for ace result on Melbourne base Inside the $9.9m Hampton estate with famous tennis past Pat Rafter lists Australian Open for sale as tennis star turns agent The property’s sale was confirmed in late September but agents remained tight-lipped about how much it changed hands for. However, records now show the abode featuring a tennis court, heated pool and spa fetched $7.35m. That’s a $5.75m loss, compounded by an $831,500 stamp duty payment based on the original purchase price. Across the 1617 days between when he bought it to when he sold, it works out to an extraordinary $4070 a day decline. Belle Property’s Garry Donovan had the listing in as...